Nearly one million children are injured each year in bicycle related accidents.
Arbitration is the submission of a dispute to one or more impartial persons for a final and binding decision. It is a process in which one or more arbitrators hear evidence from the parties to a dispute and then issue an “Award” that decides who gets what. In some instances the arbitrator may also accompany the Award with an Opinion explaining the reasoning that led to the Award.
An Arbitration Agreement is a written contract in which two or more parties agree to use arbitration, instead of the courts, to decide certain disputes. The arbitration agreement is ordinarily a clause in a larger contract. The disputes may be about the performance of a specific contract, a claim of unfair or illegal treatment in the workplace, a faulty product, or just about anything else. People are free to agree to arbitrate just about anything they could litigate.
All New Jersey arbitration results are binding unless the parties agree to advisory arbitration. If the agreement says “arbitration,” without any modifier, the decision is binding. The parties to an arbitration agreement can, however, mutually agree to withdraw the case from arbitration at any time before an Award is issued by the arbitrator. If they withdraw the case, the arbitrator loses her authority to decide it.